China News Service, Beijing, July 6 (Reporter Ruan Yulin) China Federation of Logistics and Purchasing released data on the 6th, showing that in June, the Asian Manufacturing Purchasing Managers Index (PMI) fell by 0.8 percentage points from the previous month to 51.2%, for the second consecutive time. Decline month-on-month.
Under the influence of the rebound of the epidemic in some Asian countries, the growth rate of Asian manufacturing has fluctuated, slowing down from the previous month.
In June 2021, the Asian manufacturing PMI fell by 0.8 percentage points from the previous month to 51.2%, a month-on-month decline for two consecutive months, ending the operating range of around 52% for seven consecutive months and dropping to around 51%.
From the perspective of major countries, under the influence of the epidemic, the growth rate of the Indian manufacturing industry has slowed down significantly. The PMI of the Indian manufacturing industry has ended the trend of more than 50% since August 2020, and has fallen below 50%. The manufacturing industries in Malaysia and Vietnam PMI also fell to a low level below 45%.
Comprehensive data changes, under the influence of the rebound of the epidemic in some Asian countries, the growth rate of Asian manufacturing has fluctuated, slowing down from last month.
China's manufacturing PMI was 50.9%, a slight decrease of 0.1 percentage point from the previous month, and remained at about 51% for three consecutive months. The economy continued to maintain a stable recovery trend.
According to the analysis, the rebound of the epidemic in some Asian countries will undoubtedly put pressure on Asia's short-term economic recovery.
In particular, the trend of the epidemic in India has become a key factor.
The emergence of new variant strains and low vaccination rates make India’s future epidemic situation not optimistic.
In response to the impact of the epidemic, the Indian government has also launched a new round of fiscal stimulus policies.
The analysis believes that although some regions are affected by the epidemic, some developing countries represented by China are still an important force in the recovery of economic stability in Asia and the world due to better epidemic control.
Recently, the World Investment Report released by the United Nations Conference on Trade and Development shows that the developing regions of Asia are the only regions in the world that show positive growth in foreign direct investment in 2020. The prospects for foreign direct investment in Asia in 2021 are better than the global average.
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